Kamis, 01 Desember 2011

New Project Info: Archipelago

The 577-unit Archipelago @Bedok Reservoir, a project which boasts a combination of both condominium and strata houses, is expected to preview tomorrow.

The development will be launched in phases; the first phase will feature between 180 and 200 units.

The 99-year leasehold project, which is located on a 491,080sqft site, is expected to fetch an average price of between $1,000 and $1,100psf.

The five-bedroom strata houses are about 4,400sqft each and have an indicative price of above $3 million.

BT understands that a preview of Archipelago will be held for invited guests tomorrow, and for those who have registered interest with the marketing agents. The development is marketed by Knight Frank, DTZ, CBRE and Savills.

Condominium units include one-bedroom to five-bedroom units, and penthouses. One-bedroom units range from 527 to 667sqft, and are expected to fetch $600,000 onwards. Two- and three-bedroom units, which range from 829sqft to 1,894sqft, constitute approximately 63% of the units sold.

There are a total of 15 five-bedroom units, which are split into three stacks; they range between 2,411sqft and 2,648sqft.

There are 51 penthouse units, including 15 penthouse lofts, which feature two bedrooms and a study. The penthouse units range from 1,432sqft to 3,434sqft, and include variations with lofts, four bedroom, five bedroom, and five bedroom with study.

Source: The Business Times

What The Business Times failed to mention in its report is the developer for Archipelago - this development is a collaboration between the UOL Group and Singapore Land.

So we have another new project in Bedok Reservoir... as if the area is not congested enough.